MMIT - IQ MacKay Shields Municipal Intermediate ETF
| Assets | $115.41M |
| NAV | $26.84 |
| Expense Ratio | 0.30% |
| PE Ratio | n/a |
| Beta (5Y) | 0.03 |
| Dividend (ttm) | $0.61 |
| Dividend Yield | 2.25% |
| Ex-Dividend Date | Apr 1, 2021 |
| 1-Year Return | - |
| Trading Day | April 19 |
| Last Price | $26.87 |
| Previous Close | $26.85 |
| Change ($) | 0.02 |
| Change (%) | 0.08% |
| Day's Open | 26.89 |
| Day's Range | 26.84 - 26.89 |
| Day's Volume | 65,528 |
| 52-Week Range | 24.62 - 27.16 |
Fund Description
The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.
| Asset Class Fixed Income | Inception Date Oct 18, 2017 |
| Exchange NYSEARCA | Ticker Symbol MMIT |
| Index Tracked Bloomberg Barclays Municipal 1-15 Year Index | |
Top 10 Holdings
30.64% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity® Inv MM Fds Treasury Only I | n/a | 17.08% |
| METROPOLITAN TRANSN AUTH N Y REV 4.75% | n/a | 4.70% |
| NORTH LAS VEGAS NEV 5% | n/a | 1.26% |
| CLARK CNTY NEV SCH DIST 5% | n/a | 1.16% |
| RIVERSIDE CNTY CALIF CMNTY FACS DISTS 4% | n/a | 1.13% |
| NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 4% | n/a | 1.11% |
| CENTRAL FLA EXPWY AUTH SR LIENREV 4% | n/a | 1.09% |
| MIAMI-DADE CNTY FLA WTR & SWR REV 4% | n/a | 1.09% |
| APPLE VY CALIF PUB FING AUTH TAX ALLOCATION REV 4% | n/a | 1.08% |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 4.5% | n/a | 0.96% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2021 | $0.033 | Apr 8, 2021 |
| Mar 1, 2021 | $0.038 | Mar 5, 2021 |
| Feb 1, 2021 | $0.048 | Feb 5, 2021 |
| Dec 30, 2020 | $0.071 | Jan 7, 2021 |
| Nov 2, 2020 | $0.05 | Nov 6, 2020 |
| Oct 1, 2020 | $0.048 | Oct 7, 2020 |
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